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The eurozone unemployment rate fell to 6.5% in March from 6.6% in the previous month, the European Union's statistics office said on May 3..
The current unemployment rate is the lowest since the tally. Prior to that, it was at 6.6% for two months in a row..
Eurozone unemployment was 6.8% in March 2022. The number of unemployed in March 2023 decreased by 121 thousand. compared with February and amounted to 11.01 million. Over the year, their number decreased by 365 thousand.
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Unemployment among young people under 25 fell to 14.3% in March from 14.4% a month earlier.
The highest unemployment rate among the largest economies in the eurozone was recorded in Spain - 12.8%. In Italy it was 7.8%, in France - 6.9%. Germany has the lowest rate - 2.8%.
As a reminder, according to a recent World Bank report, poverty in Ukraine increased from 5.5% to 24.2% in 2022, pushing another 7.1 million people below the poverty line..